Description

BSE Limited invites offers from trading members for purchase of securities in Demat Auction 632 for Rolling Settlement DR-632/2026-27, with auction session on May 19, 2026 and pay-in on May 20, 2026.

Summary

BSE Limited, through the Indian Clearing Corporation Ltd. (ICCL), has announced Demat Auction 632 for Rolling Settlement No. DR-632/2026-27. Trading members of the Exchange are invited to submit offers for purchase of securities through trading terminals on May 19, 2026. The auction covers securities where short deliveries occurred in the relevant settlement cycle.

Key Points

  • Auction is for Rolling Settlement No. DR-632/2026-27 (Demat Auction 632)
  • Offers accepted via trading terminals on Tuesday, May 19, 2026
  • Auction offer entry window: 2:00 p.m. to 2:45 p.m.
  • Auction matching: 2:45 p.m. to 3:00 p.m.
  • Delivery statement and accepted offer reports: 3:00 p.m. to 3:30 p.m.
  • Money statement and final reports: 3:35 p.m. to 5:30 p.m.
  • Securities pay-in (auction): Wednesday, May 20, 2026 at 8:00 a.m.
  • Attachments include off632 and ARR 632 documents

Regulatory Changes

The notice reiterates a previously implemented change: following the implementation of the Uniform Membership structure in the Equity Cash Segment, settlement is now routed through the Clearing Member of a Trading Member. Additionally, the earlier restriction prohibiting trading members from offering securities in auction for settlements in which they had short-delivered such securities has been removed.

Compliance Requirements

  • Trading members and custodians must check their auction pay-in obligations for securities.
  • Securities pay-in must be executed in depositories within depository cut-off timings by May 20, 2026 at 8:00 a.m.
  • Trading members must refer to the cutoff rate shown on the “Auction Offer Entry Screen” before submitting offers.
  • Trading members must exercise utmost care when entering securities codes and rates; no corrections will be permitted after submission.
  • Members should refer to notices issued by respective departments regarding Corporate Actions (Ex-Rights, Ex-Bonus, Ex-Split, etc.) for relevant scrips.

Important Dates

  • May 19, 2026: Auction offer entry (2:00 p.m. – 2:45 p.m.), matching (2:45 p.m. – 3:00 p.m.), and report generation (3:00 p.m. – 5:30 p.m.)
  • May 20, 2026: Auction pay-in deadline at 8:00 a.m.

Impact Assessment

This is a routine operational notice with limited market-wide impact. It affects only those trading members who have short-delivery obligations in Rolling Settlement DR-632/2026-27. The removal of the restriction on offering securities in auctions for settlements where short delivery occurred provides trading members with greater flexibility in fulfilling auction obligations. No specific stocks are identified in this notice; the actual securities list is contained in the attachments (off632, ARR 632).

Impact Justification

Routine demat auction notice for a specific rolling settlement cycle; affects only trading members with short delivery obligations in DR-632/2026-27, no broader market or regulatory significance.